SRINAGAR, MARCH 17: The whooping budget of Rs 1,18,500 crore for Jammu & Kashmir for the financial year 2023-24 has special focus on employment generation, women empowerment and social inclusion.
The total budget estimates for the fiscal is Rs. 1,18,500 crore, of which, developmental expenditure is of the order of Rs. 41,491 crore.
“The capital component of the budget has increased substantially. The expected revenue receipts are Rs 1,06,061 crore whereas Revenue expenditure is expected to be Rs 77,009 crore, thereby making available revenue surplus for capital expenditure to the tune of Rs 29,052 crore,” reads the budget document.
According to a senior official in the J&K administration, the focus of the budget is good governance, strengthening grassroots democracy, promoting sustainable agriculture, facilitating investment and growth, employment generation, accelerated development and inclusive growth, women empowerment and social inclusion.
“Launch of HIMAYAT 2.0 with renewed focus on employment oriented trades for training and convergence of skill related infrastructure across the departments like Skill Development, Mission Youth, Industries & Commerce, School Education, Agriculture etc is also part of the budget.
As Jammu and Kashmir has returned to the path of peace and progress, the youth are enthusiastic to excel in different fields like their counterparts in rest of India. A massive skill development programme which included introduction of latest streams and technologies at the college level, big industrial setups, start-ups and the exponential growth of small and medium entrepreneurs as well as self-help groups have been made in the budget today cater to all these aspects to take care of youth aspirations.
